Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of XPL
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Solitario Exploration & Royalty Co (USA) stock downgraded from Buy Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 20, 2024 Gain 10.10% PDF

The Solitario Exploration & Royalty Co (USA) stock price fell by -0.0333% on the last day (Thursday, 28th Mar 2024) from $0.600 to $0.600. During the last trading day the stock fluctuated 3.69% from a day low at $0.593 to a day high of $0.615. The price has risen in 7 of the last 10 days and is up by 24.96% over the past 2 weeks. Volume has increased on the last day by 23 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 125 thousand shares were bought and sold for approximately $74.80 thousand.

The stockis at the upper part of a very wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $0.604 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Solitario Exploration & Royalty Co (USA) stock with a 90% probability to be traded between $0.449 and $0.597 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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XPL Signals & Forecast

The Solitario Exploration & Royalty Co (USA) stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.582 and $0.536. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -0.728%. Further fall is indicated until a new bottom pivot has been found. Solitario Exploration & Royalty Co (USA) gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Solitario Exploration & Royalty Co (USA) stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.510 and $0.507. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Solitario Exploration & Royalty Co (USA) finds support just below today's level at $0.510. If this is broken, then the next support from accumulated volume will be at $0.507 and $0.480.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0219 between high and low, or 3.69%. For the last week, the stock has had daily average volatility of 7.26%.

Our recommended stop-loss: $0.581 (-3.21%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (XPL) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Solitario Exploration & Royalty Company (USA) to open at $0.603, and during the day (based on 14 day Average True Range), to move between $0.560 and $0.640, which gives a possible trading interval of +/-$0.0402 (+/-6.69%) up or down from last closing price. If Solitario Exploration & Royalty Company (USA) takes out the full calculated possible swing range there will be an estimated 13.39% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.600 (0.03%) than the support at $0.510 (14.90%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Solitario Exploration & Royalty Company (USA) stock A Buy?

Solitario Exploration & Royalty Co (USA) holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.358 Hold/Accumulate Downgraded

Predicted Opening Price for Solitario Exploration & Royalty Company (USA) of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$0.603 ( 0.461%) $0.600

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for XPL

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.624 4.11 %
R2 0.616 2.72 %
R1 0.611 1.86 %
Current price: 0.600
Support S1 0.594 -0.93 %
S2 0.589 -1.80 %
S3 0.581 -3.19 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0.604 0.734 %
R1 0.600 0.0333 %
Current price 0.600
Support S1 0.510 -14.90%
S2 0.507 -15.47%
S3 0.480 -19.97%

FAQ

What is the symbol for Solitario Exploration & Royalty Company (USA) Stock and on which exchange is it traded?
The symbol for Solitario Exploration & Royalty Company (USA) is XPL and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Solitario Exploration & Royalty Company (USA) Stock?
Solitario Exploration & Royalty Co (USA) holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Solitario Exploration & Royalty Company (USA) Stock?
Solitario Exploration & Royalty Company (USA) Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Solitario Exploration & Royalty Company (USA) Stock.

What's the current price of Solitario Exploration & Royalty Company (USA) Stock?
As of the end of day on the 2024-03-28, the price of an Solitario Exploration & Royalty Company (USA) (XPL) share was $0.600.

What is the 52-week high and low for Solitario Exploration & Royalty Company (USA) Stock?
The 52-week high for Solitario Exploration & Royalty Company (USA) Stock is $0.698 and the 52-week low is $0.430.

What is the market capitalization of Solitario Exploration & Royalty Company (USA) Stock?
As of the 2024-03-28, the market capitalization of Solitario Exploration & Royalty Company (USA) is 47.766M.

When is the next earnings date for Solitario Exploration & Royalty Company (USA)?
The upcoming earnings date for Solitario Exploration & Royalty Company (USA) is May 14, 2024.
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About Solitario Exploration & Royalty Company (USA)

Solitario Exploration & Royalty Company (USA) Solitario Zinc Corp., an exploration stage company, engages in the acquisition and exploration of zinc and other base metal properties in North and South America. The company holds a 50% operating interest in the Lik zinc-lead-silver property located in Northwest Alaska; 39% interest in the Florida Canyon zinc project located in northern Peru; and 85% interest in the Chambara exploration project located in Peru. It also holds interest in the Gold... XPL Profile

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